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Cafe for sale

Licensed City Centre Restaurant, Edward Street, Truro

Sold STC £1

Property Description

Key features

  • ESTABLISHED LICENSED CITY CENTRE RESTAURANT (44 COVERS)
  • WELL EQUIPPED & SUPERBLY PRESENTED
  • CONTEMPORARY DINING AREA WITH THEATRE STYLE KITCHEN
  • ASSIGNMENT OF EXISTING LEASE
  • ENERGY RATING (F)

Full description

A Newly Refurbished and Beautifully Presented Licensed Restaurant (28-32 cover), with an attractive rear courtyard garden (16 cover), in the Cathedral City of Truro.

Location - Gravy Boesti is situated adjacent to the County Courts on Edward Street, a short walk from the centre of the busy Cathedral City of Truro.

As the main administrative and commercial centre in Cornwall, Truro has seen significant commercial and retail investment in recent years making it a thriving and vibrant city. The continuing residential development in and around the city, together with plans for a new stadium and expansive development just to the west, mean the area will see increased growth, certainly for the foreseeable future.

The Property - The original property has been extended to the rear to form the principal dining area, with a theatre style kitchen and 28 covers. A large skylight and wide opening glass doors to the rear make the dining area feel light and spacious.

The business occupies a traditional two-storey period cottage; a facade that belies the contemporary and high quality interior. The original property has been extended to the rear to form the principal dining area, with a theatre style kitchen and 28 covers.

To the rear is an attractive terrace garden providing a further 16 covers. On the first floor is an office, utility room, preparation room and staff WC.

The Business - Recently featured in 'Cornwall Living' (June 2017 Issue), Gravy Boesti recently traded at lunchtimes and evenings from 12 noon until 2.30pm and from 5.30pm until late. Its close proximity to the Courts ensures regular and repeat trade from Legal professionals from across Cornwall. Due to unforseen personal circumstances, our clients ceased trading in August 2017.

Prior to Augsut, Gravy Boesti was operated by our clients with the assistance of one full time and 2 part time staff members but the business would be ideally suited to a husband and wife team or aspiring chef.

The Accommodation Comprises - (all areas and dimensions are approximate)

Lobby Area - An open plan lobby area with stairs to the first floor leading to:

Kitchen/Restaurant Area (6.2M X 12.9M) - An expansive, dual aspect room, with dual opening windows to the front and wide opening glazed doors to the rear overlooking the outside terrace with a theatre style kitchen opening onto a formal dining area.

The commercial kitchen is extremely well equipped including a solid top gas cooker with double oven below and extraction system over, 4 door and 3 door under-counter stainless steel fridges, commercial dishwasher, 2 glass fronted drinks cabinets, fryer, Blue Seal griddle and grill.

The restaurant area has a range of built-in and freestanding chairs and tables providing 28 - 32 covers and gives access to;

Customer/Disabled Wc -

Rear Terrace - Accessed through the glazed doors at the rear of the formal dining area with slate flagstones and seating for 16.

First Floor Landing - Window to rear, upright double glass fronted drinks chiller and stainless steel wine rack shelving. Doors to:

Office (3.7M X 3.4M) - Range of built-in shelving, built-in cupboard housing the ventilation fans and large window to rear.

Preparation Room (3.6M X 3.3M) - One stainless steel sink/drainer, two stainless steel workbenches, freestanding stainless steel shelving units, microwave, one Vestfrost upright fridge, one Vestfrost upright freezer, 1 undercounter fridge, 1 upright freezer, 1 Polar Ice maker, window to front elevation.

Utility Room (2.3M X 2.8M) - Polar Refrigeration stainless steel ice-machine, washing machine, tumble dryer, Freestanding dresser, freestanding stainless steel shelving unit, window to front elevation.

Staff Wc - Window to rear, vanity wash hand basin, close couple WC.

Tenure - Leasehold - Gravy Boesti is offered by way of the assignment of the existing Internal Repairing and Insuring Lease which commenced February 2017 for a term of 10 years at a passing rental of £17,500 pa plus VAT. The rent will be reduced to £15,000 plus VAT in years 1 + & 2.

General Information - LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate - The Energy Performance Rating for this property is within Band F

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Premises Licence - We are advised that the business currently holds a relevant Premises Licence for the sale of intoxicating liquor with food.

Business Rates - We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock - At valuation on completion.

Value Added Tax - All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance - If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information - For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Beverley Northey on 01872 247031 or via email bn@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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